Looking to diversify beyond MNDFX? The mutual funds below have historically moved differently from MNDFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MNDFX
2 mutual funds have low correlation with MNDFX (below 0.3), 0 of which are negatively correlated. The least correlated is Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manning & Napier Divrs Tax Exempt Series Fund | 0.13 | 0.09 | 0.06 | 60 | Municipal Bonds | MNDFX vs EXDVX | |
| Manning & Napier High Yield Bond Series | 0.28 | 0.32 | 0.37 | 87 | High Yield Bonds | MNDFX vs MNHYX | |
| Manning & Napier High Yield Bond I | 0.33 | 0.32 | 0.36 | 79 | High Yield Bonds | MNDFX vs MNHAX | |
| AMG Yacktman Focused Fund | 0.34 | 0.61 | 0.72 | 89 | Large Cap Value Equities | MNDFX vs YAFFX | |
| Fidelity Large Cap Stock Fund | 0.49 | 0.63 | 0.76 | 73 | Large Cap Blend Equities | MNDFX vs FLCSX |
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